KDK Options is excited to report a new Straddle trade (July $23.00 call option and July $22.00 put option) in Bank of America. The cost of the trade was $0.88 before commissions and fees. The expectation of the trade is $2.00. Some reasons for the trade are below.
- Stock at support near $22.00.
- Symmetrically ready to move on a time basis. Previous move happened after ten trading days of little activity
- Financial legislation expected
- Earnings during July
**
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